Latest Business Insurance Headlines
All the headlines from our Business Insurance Topic Page, ordered by recency.
Feds Warn Arizona Commission that Lowering Workplace Injury Fines is Risky
May 19 2017 // Federal officials warned a commission overseeing Arizona’s workplace safety agency that its practice of lowering fines on companies for worker injuries and deaths violates the state’s laws and could jeopardize...
California Small Business Advocate Produces 2nd List of ‘Good, Bad & Ugly Bills’
May 18 2017 // With a California Legislative deadline looming, a business advocate is calling attention to bills that he believes owners and managers of small businesses should take note of in his second annual list of “Good, Bad...
Workplace Regulation to Reduce Incidents at California Oil Refineries OK’d
May 18 2017 // California’s Department of Industrial Relations’ Occupational Safety and Health Standards Board today approved a regulation aimed at strengthening workplace safety and health at oil refineries across the...
Oklahoma Court Affirms Employer’s Right to Choose Provider in Workers’ Comp Case
May 17 2017 // An Oklahoma civil appeals court ruled in favor of an employer and its insurer in affirming an order by the Oklahoma Workers’ Compensation Commission, asserting an employer’s right to direct the medical...
Michigan Workplace Fatalities Rise in 2016
May 15 2017 // A state agency says 43 people were killed on the job in Michigan last year, and that’s the state’s highest number of workplace fatalities in a decade. The Michigan Occupational Safety and Health Administration...
Bunker, Startup Broker for Small Business, Contractor Insurance, Raises $6 Million
May 11 2017 // Bunker, a startup digital insurance broker focused on independent contractors and small businesses, has raised $6 million in Series A funding that will help fuel product development and expansion. Hiscox and American...
How AIG Woes Hurt U.S. Commercial Lines Results: Fitch
May 10 2017 // While U.S. commercial lines insurance had been a relatively bright spot among property/casualty insurers, the sector is facing some clear deterioration due to weakening premiums and poor loss experience. What’s more,...
Alabama Man Arrested by FBI For Stealing $180K from Employers
May 9 2017 // An Alabama man has been arrested on charges of stealing more than $180,000 from former employers. AL.com reports the FBI arrested 32-year-old Randall Sho Woods on May 3. The Department of Justice says in a release that a...
Since the Election, Political Talk in Workplace Hurting Job Performance: Poll
May 4 2017 // American workers are more likely to say they are feeling stressed and less productive because of political discussions at work now than before the 2016 presidential election, according to survey results released by the...
Most Commercial Insurance Premiums Up in April: IVANS Index
May 3 2017 // Most standard commercial lines products saw an uptick in premiums at renewal in April, with workers’ compensation being the main exception, according to the IVANS Index. Business owners and commercial property...
New Commercial Insurer, Motorists Insurance, to Launch in Tennessee
May 3 2017 // Motorists Insurance Group, based in Columbus, Ohio, has launched a new commercial lines company – Motorists Insurance – in Michigan and Tennessee. The company features state-of-the-art technology to make the process...
Ohio’s Motorists Insurance Launches Commercial Insurance Company
May 2 2017 // Motorists Insurance Group, based in Columbus, Ohio, has launched a new commercial lines company – Motorists Insurance – in Michigan and Tennessee. The company features state-of-the-art technology to make the process...
Study Finds Insurtech Funding Dips as Startups Launch; Predicts Small Business Disruption Ahead
May 2 2017 // Total insurtech funding in the first quarter of 2017 was down, but the drop-off could be a result of the significant investments in 2016 now reaching the product launch phase, according to a report by Willis Towers Watson...
Michigan Workplace Fatalities in 2016 Highest in a Decade
May 1 2017 // A state agency says 43 people were killed on the job in Michigan last year, and that’s the state’s highest number of workplace fatalities in a decade. The Michigan Occupational Safety and Health Administration...
Commercial Auto – The Long Road to Profitability
May 1 2017 // The commercial auto market has a long road ahead to reach profitability after five consecutive years of underwriting losses from 2011-2015. While many insurers upped rates in 2016, the year appears to be coming in with...
Arthur J. Gallagher Acquires Oklahoma’s Commercial Insurance Brokers
Apr 26 2017 // Arthur J. Gallagher & Co. has acquired Tulsa, Oklahoma-based Commercial Insurance Brokers LLC. Terms of the transaction were not disclosed. Formed in 2012, Commercial Insurance Brokers is a group of insurance producers...
Realities of Today’s Commercial Insurance Market: Willis Towers Watson
Apr 26 2017 // Fluid capital and ample capacity has kept the commercial insurance sector stable overall and also a buyers’ market. That reality holds despite potential regulatory and monetary policies pending in Washington, D.C....
Connecticut’s Business Risk Partners Hires Stein and Rathore
Apr 19 2017 // Specialty underwriter and program administrator Business Risk Partners (BRP), headquartered in Windsor, Conn., has added two new members to its Professional Liability (E&O) and Operations team. Jennifer Stein was named...
Hackers Target Japan’s Mobile Gamers to Access Their Employers’ Data
Apr 18 2017 // Gamers beware: hackers offering free virtual trinkets don’t care about your passwords or personal data, but your employer’s most closely guarded secrets. An employee at a Japanese high-tech company learned this...
Risk Management: Employers Benefit from Mitigating Workplace Violence
Apr 17 2017 // Each year, close to 2 million workers are victims of workplace violence in the United States, according to the Occupational Safety and Health Administration (OSHA). The federal agency defines workplace violence as any act...
